Shares of Godrej Properties Ltd rose 3.25% to hit a day’s high of Rs 1,636.90 on 18th March after the company announced the acquisition of a 20-acre land parcel in Bengaluru, where it plans to develop a premium residential project.

The project is expected to generate around Rs 1,350 crore in revenue, strengthening Godrej Properties’ presence in Bengaluru’s Whitefield area.

The 20-acre site is located near NH-648 in the Whitefield growth corridor. This area is a key hub for tech companies and strong job opportunities.

MD & CEO Gaurav Pandey said the company aims to build a well-designed project focused on functionality. It will also deliver a better living experience.

The company believes Bengaluru buyers prefer thoughtfully planned communities with good amenities and long-term livability.

The location offers strong connectivity to the Whitefield–ITPL region and to nearby metro stations such as Kadugodi and Hopefarm.

Earlier in March, the company also bought an 11.36-acre land parcel in Gurugram. This land has a revenue potential of around Rs 4,500 crore.

At 12:34 PM, shares of Godrej Properties were trading 3.30% higher at Rs 1,636.50 on the NSE.

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